Squarepoint Ops LLC Sells 48,852 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Squarepoint Ops LLC lowered its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 40.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,627 shares of the real estate investment trust's stock after selling 48,852 shares during the period. Squarepoint Ops LLC's holdings in Brixmor Property Group were worth $1,631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp lifted its position in Brixmor Property Group by 19.1% in the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust's stock worth $62,000 after buying an additional 431 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Brixmor Property Group by 5.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,640 shares of the real estate investment trust's stock valued at $223,000 after purchasing an additional 481 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of Brixmor Property Group by 50.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 775 shares during the last quarter. GAMMA Investing LLC raised its position in Brixmor Property Group by 45.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,888 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 903 shares during the period. Finally, Blue Trust Inc. lifted its stake in Brixmor Property Group by 258.9% in the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 1,007 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the sale, the director now directly owns 46,291 shares of the company's stock, valued at approximately $1,178,105.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.00. Following the sale, the director now owns 46,291 shares in the company, valued at $1,178,105.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Steven F. Siegel sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the insider now owns 360,004 shares of the company's stock, valued at approximately $8,640,096. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BRX shares. KeyCorp raised their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, August 7th. The Goldman Sachs Group boosted their price objective on Brixmor Property Group from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Scotiabank raised their target price on shares of Brixmor Property Group from $25.00 to $29.00 and gave the stock a "sector outperform" rating in a report on Monday, August 26th. JPMorgan Chase & Co. upped their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. Finally, Compass Point raised their price target on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, September 10th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $28.38.

Brixmor Property Group Stock Down 0.1 %

Brixmor Property Group stock traded down $0.02 during trading hours on Friday, hitting $27.29. 3,025,517 shares of the stock traded hands, compared to its average volume of 2,318,118. Brixmor Property Group Inc. has a one year low of $19.55 and a one year high of $28.45. The firm's 50-day moving average price is $26.80 and its two-hundred day moving average price is $24.00. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.88. The company has a market cap of $8.22 billion, a PE ratio of 29.34, a PEG ratio of 4.56 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.29). Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The firm had revenue of $315.69 million during the quarter, compared to analysts' expectations of $317.75 million. During the same period in the previous year, the company earned $0.52 earnings per share. Brixmor Property Group's revenue for the quarter was up 1.9% on a year-over-year basis. On average, research analysts forecast that Brixmor Property Group Inc. will post 2.13 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date is Wednesday, October 2nd. Brixmor Property Group's dividend payout ratio is 117.20%.

Brixmor Property Group Company Profile

Brixmor NYSE: BRX is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.